2017 Q4 Form 10-Q Financial Statement

#000161154717000075 Filed on November 01, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2016 Q3
Revenue $97.38M $94.10M $79.97M
YoY Change 16.65% 17.67% 0.19%
Cost Of Revenue $33.60M $30.20M $25.10M
YoY Change 20.43% 20.32% -0.4%
Gross Profit $63.70M $63.90M $54.80M
YoY Change 14.77% 16.61% 0.37%
Gross Profit Margin 65.42% 67.91% 68.52%
Selling, General & Admin $9.500M $7.500M $6.800M
YoY Change 39.71% 10.29% 0.0%
% of Gross Profit 14.91% 11.74% 12.41%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.90M $21.20M $14.70M
YoY Change 51.03% 44.22% 15.75%
% of Gross Profit 34.38% 33.18% 26.82%
Operating Expenses $31.30M $60.91M $46.56M
YoY Change 48.34% 30.83% 1.63%
Operating Profit $30.74M $33.19M $33.41M
YoY Change -8.04% -0.67% -1.76%
Interest Expense -$13.80M -$13.90M -$12.60M
YoY Change 8.66% 10.32% -7.35%
% of Operating Profit -44.89% -41.88% -37.71%
Other Income/Expense, Net
YoY Change
Pretax Income -$17.10M $19.47M $20.82M
YoY Change -182.61% -6.48% 1.88%
Income Tax -$1.200M $318.0K $319.0K
% Of Pretax Income 1.63% 1.53%
Net Earnings -$14.28M $17.18M $19.27M
YoY Change -174.97% -10.83% 2.15%
Net Earnings / Revenue -14.66% 18.25% 24.09%
Basic Earnings Per Share -$0.13 $0.15 $0.19
Diluted Earnings Per Share -$0.13 $0.15 $0.19
COMMON SHARES
Basic Shares Outstanding 113.8M shares 111.0M shares 99.30M shares
Diluted Shares Outstanding 111.3M shares 99.87M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $490.3M $380.4M $149.7M
YoY Change 272.29% 154.11% -24.13%
Cash & Equivalents $490.3M $380.4M $149.7M
Short-Term Investments
Other Short-Term Assets $14.80M $13.30M $10.80M
YoY Change -3.27% 23.15% 12.5%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $590.9M $479.6M $248.4M
YoY Change 151.77% 93.08% -16.02%
LONG-TERM ASSETS
Property, Plant & Equipment $2.085B $2.075B $1.584B
YoY Change 30.51% 31.01% 2.31%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $34.10M $33.40M $28.70M
YoY Change 14.81% 16.38% -26.79%
Total Long-Term Assets $2.230B $2.227B $1.658B
YoY Change 33.57% 34.3% 1.61%
TOTAL ASSETS
Total Short-Term Assets $590.9M $479.6M $248.4M
Total Long-Term Assets $2.230B $2.227B $1.658B
Total Assets $2.821B $2.707B $1.907B
YoY Change 48.14% 41.96% -1.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $69.60M $65.80M $47.60M
YoY Change 42.62% 38.24% 25.26%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $69.60M $65.80M $47.60M
YoY Change 42.62% 38.24% 25.26%
LONG-TERM LIABILITIES
Long-Term Debt $1.565B $1.408B $1.202B
YoY Change 30.65% 17.2% -3.59%
Other Long-Term Liabilities $193.3M $196.7M $160.1M
YoY Change 22.42% 22.86% -2.73%
Total Long-Term Liabilities $1.758B $1.605B $1.362B
YoY Change 29.69% 17.86% -3.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $69.60M $65.80M $47.60M
Total Long-Term Liabilities $1.758B $1.605B $1.362B
Total Liabilities $1.830B $1.674B $1.413B
YoY Change 29.99% 18.52% -2.49%
SHAREHOLDERS EQUITY
Retained Earnings -$57.62M -$18.32M -$26.20M
YoY Change 98.24% -30.08% -22.6%
Common Stock $1.138M $1.138M $996.0K
YoY Change 14.14% 14.26% 0.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $889.9M $927.9M $458.2M
YoY Change
Total Liabilities & Shareholders Equity $2.821B $2.707B $1.907B
YoY Change 48.14% 41.96% -1.1%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income -$14.28M $17.18M $19.27M
YoY Change -174.97% -10.83% 2.15%
Depreciation, Depletion And Amortization $21.90M $21.20M $14.70M
YoY Change 51.03% 44.22% 15.75%
Cash From Operating Activities $43.40M $31.20M $32.50M
YoY Change 14.21% -4.0% -13.1%
INVESTING ACTIVITIES
Capital Expenditures -$33.40M -$19.90M -$20.20M
YoY Change 6.03% -1.49% 114.89%
Acquisitions
YoY Change
Other Investing Activities $0.00 $200.0K $0.00
YoY Change -100.0%
Cash From Investing Activities -$33.40M -$19.70M -$20.10M
YoY Change 6.03% -1.99% 139.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 102.1M 114.5M -20.60M
YoY Change -528.99% -655.83% -17.6%
NET CHANGE
Cash From Operating Activities 43.40M 31.20M 32.50M
Cash From Investing Activities -33.40M -19.70M -20.10M
Cash From Financing Activities 102.1M 114.5M -20.60M
Net Change In Cash 112.1M 126.0M -8.200M
YoY Change -747.98% -1636.59% -305.0%
FREE CASH FLOW
Cash From Operating Activities $43.40M $31.20M $32.50M
Capital Expenditures -$33.40M -$19.90M -$20.20M
Free Cash Flow $76.80M $51.10M $52.70M
YoY Change 10.5% -3.04% 12.61%

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us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates </font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;"> </font><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. </font></div></div>

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